Barclays downgrades ArcelorMittal to Equalweight

  • Investing.com
Barclays downgrades ArcelorMittal to Equalweight

A Barclays analyst downgraded ArcelorMittal (AS: MT) from Overweight to Equalweight with a price target of $31.00 from a prior price target of %currency%%price%.

Prior to this rating, ArcelorMittal had 12 buy ratings, 4 hold ratings, and 1 sell ratings.

For consensus analyst estimates and price targets on ArcelorMittal, click here. For more news on ArcelorMittal, click here.

ArcelorMittal's stock price closed at $27.87. They are up 0% in the last month and down -8.37% in the last 12 months.

According to Investing Pro, ArcelorMittal's fair value is $40.01, an upside of 43.56%. ArcelorMittal's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out ArcelorMittal's recent earnings performance and financials here.

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